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  • Fortescue's cost cutting measures pay off  Thursday, 29 Jan 2015 | 12:19 AM ET

    Nev Power, CEO of Fortescue Metals Group, says the firm's focus on cost cutting and a weak Aussie dollar helped the miner to offset falling iron ore prices. He also explains what that means for the firm's dividend payout for 2015.

  • This appears to be the case for iron ore, where a Reuters poll of analysts published on Wednesday showed a median estimate of $68 a tonne for spot Asian prices in 2015.. The problem with the forecast of $68 a tonne average for this year is the current spot price of the steel-making ingredient is already 7.8 percent lower, closing on Wednesday at a fresh six-year low...

  • Steel Dynamics reports 4Q loss Wednesday, 28 Jan 2015 | 7:27 PM ET

    FORT WAYNE, Ind. _ Steel Dynamics Inc. on Wednesday reported a fourth-quarter loss of $45 million, after reporting a profit in the same period a year earlier. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share. Steel Dynamics shares have declined 10 percent since the beginning of the year.

  • Final Glance: Gold companies Wednesday, 28 Jan 2015 | 6:07 PM ET

    Barrick Gold Corp. fell$. 50 or 3.8 percent, to $12.61. Gold Fields Ltd ADS fell$. 10 or 1.7 percent, to $5.64. Newmont Mining Corp. fell$. 88 or 3.5 percent, to $24.26.

  • Final Glance: Silver companies Wednesday, 28 Jan 2015 | 6:07 PM ET

    Hecla Mining Co. fell$. 18 or 5.3 percent, to $3.24. Pan American Silver Corp. fell$. 63 or 5.3 percent, to $11.29. Silver Standard Resources Inc. fell$. 63 or 9.2 percent, to $6.25.

  • Final Glance: Coal companies Wednesday, 28 Jan 2015 | 6:07 PM ET

    Arch Coal fell$. 03 or 2.5 percent, to $0.98. Consol Energy Inc. fell$. 89 or 2.9 percent, to $29.79. Peabody Energy fell$. 14 or 2.2 percent, to $6.10.

  • Rick Nolan, who represents northeastern Minnesota's Iron Range, applies to processing plants at the United Taconite, Hibbing Taconite and Minorca mines in Minnesota, and the Tilden mine in Michigan's Upper Peninsula. EPA spokeswoman Phillippa Cannon said Wednesday that an official notice would be published in the Federal Register in the next few days,...

  • Midday Glance: Gold companies Wednesday, 28 Jan 2015 | 1:21 PM ET

    NEW YORK— Shares of some top gold companies are mixed at 1 p.m.:. Barrick Gold Corp. fell$. 09 or. 7 percent, to $13.02. Newmont Mining Corp. fell$. 30 or 1.2 percent, to $24.84.

  • Midday Glance: Coal companies Wednesday, 28 Jan 2015 | 1:21 PM ET

    Arch Coal fell$. 04 or 4.4 percent, to $0.96. Consol Energy Inc. fell$. 69 or 2.2 percent, to $29.99. Peabody Energy fell$. 11 or 1.8 percent, to $6.13.

  • Midday Glance: Silver companies Wednesday, 28 Jan 2015 | 1:21 PM ET

    Hecla Mining Co. fell$. 03 or. 9 percent, to $3.39. Silver Standard Resources Inc. fell$. 36 or 5.2 percent, to $6.52. Silver Wheaton fell$. 36 or 1.5 percent, to $23.64.

  • *Scotland blocks new permits for fracking. LONDON, Jan 28- Scotland on Wednesday blocked the granting of permits for fracking and a local English council delayed a decision on two projects, casting doubt on British Prime Minister David Cameron's shale gas ambitions. Scotland, estimated to have around 80 trillion cubic metres of shale gas resources- enough to...

  • Early Glance: Coal companies Wednesday, 28 Jan 2015 | 10:41 AM ET

    Arch Coal fell$. 02 or 1.6 percent, to $0.98. Consol Energy Inc. fell$. 89 or 2.9 percent, to $29.79. Peabody Energy fell$. 29 or 4.6 percent, to $5.96.

  • Early Glance: Silver companies Wednesday, 28 Jan 2015 | 10:41 AM ET

    Hecla Mining Co. fell$. 05 or 1.5 percent, to $3.37. Pan American Silver Corp. fell$. 16 or 1.3 percent, to $11.76. Silver Standard Resources Inc. fell$. 35 or 5.1 percent, to $6.53.

  • Early Glance: Gold companies Wednesday, 28 Jan 2015 | 10:41 AM ET

    NEW YORK— Shares of some top gold companies are down at 10 a.m.:. Barrick Gold Corp. fell$. 16 or 1.2 percent, to $12.95. Newmont Mining Corp. fell$. 24 or 1.0 percent, to $24.90.

  • UK council defers controversial shale gas permits Wednesday, 28 Jan 2015 | 7:21 AM ET

    LONDON, Jan 28- A local English government council has voted to delay a decision on whether shale gas firm Cuadrilla can progress with two fracking projects, in a case that is being closely watched by the industry and environmental campaigners. Cuadrilla's projects near Blackpool in north west England are expected to become Britain's first shale gas...

  • Jan 28- Cenovus Energy Inc, Canada's No. 2 independent oil producer, cut its capital spending budget for 2015 in response to the slump in crude oil prices. The company said it could defer spending of up to C $700 million, mainly by suspending a bulk of its conventional drilling in southern Alberta and Saskatchewan and delaying long-term oil sands expansion and new...

  • METALS-Copper edges higher ahead of Fed meeting Wednesday, 28 Jan 2015 | 6:12 AM ET

    *Copper down 13 percent in the year-to-date. LONDON, Jan 28- Copper rose on Wednesday, rebounding further from 5-1/ 2- year lows as the dollar eased off highs and traders took the opportunity to buy at still low prices ahead of the conclusion of a Federal Reserve meeting. Copper is still down 13 percent so far this month, extending a 20 percent loss registered over 2013...

  • *Citigroup says spot price could drop to $53 later in year. *China steel output seen slipping in 2015. SINGAPORE, Jan 28- A deepening iron ore glut and worries over a sharper economic slowdown in top buyer China will drive the average 2015 price for the steelmaking ingredient to a record low, a Reuters poll showed.

  • I'd rather be in copper than iron ore: Pro  Wednesday, 28 Jan 2015 | 2:45 AM ET

    Jeff Largey, head of metals and mining research at Macquarie Group, says copper has a "structurally good story."

  • Research by Morgan Stanley, published on Jan. 25, said that oil and diesel made up between 9 and 12 percent of the total production costs for bulk commodities such as coal, iron ore and bauxite, but only 3 to 5 percent for metals. The spot price of iron ore in Asia dropped to a 5-1/ 2- year low of $62.80 a tonne on Tuesday, and is down 67 percent from its peak of $191.90 reached...